The Country that Will Best Survive this Global Financial Crisis and Prosper in the Aftermath

I’m in Australia this week. It’s a long flight and the airlines lost part of my luggage. Hate the jetlag. But LOVE the country. The first place I always go in Sydney is the best upscale food court I’ve ever seen anywhere in the world at the Westfield mall downtown. I’ve been coming to Australia to lecture since the early 1990s, even before my first breakthrough book, The Great Boom Ahead. I started speaking at TEC, a global network of small business CEOs (it’s now called Vistage). It’s beautiful here. The interior is a giant desert while the rim boasts […]

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The Evidence that Stocks Are More Overvalued than Ever

Tuesday morning, the Dow was just 27 points away from 21,000 again! How can anyone believe this is NOT a bubble?! Nobel Laureate and economist Robert Shiller developed the best valuation indicator I’ve seen. His cyclically adjusted price-earnings ratio is known as the Shiller P/E, or CAPE. And he agrees with me: We’re clearly in bubble territory! Yet Fed Chair Janet Yellen and investing legend Warren Buffett – and way too many other experts and investors – continue to believe otherwise! They should take notice of what I’m about to say… Shiller uses the average of the last 10 years’ […]

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Been Dead Since 2008

Nearly a decade. That’s a long time to still be flogging this dead horse. I’m talking about buy-and-hold investing. It’s dead. Been dead since 2008. But not buried yet. Instead, mom and pop investors still fall into the trap. And they pay dearly for it. There’s a better way: finding a system that excels during times of increased volatility, especially on the downside. That is, following a quick-hit strategy that gets you into AND out of stocks, bonds, and commodities at the best possible times. That has rules to follow. That’s easy to use. Maybe even something you can set […]

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It’s Time to Kick This New Mafia in the Balls

Just look at this chart! If you were born in 1980, you only have a 50% chance of making more money than your parents. But if you were born in 1950, you had a 79% chance, according to research that Raj Chetty and his team of economists did. That’s one hell of a drop! Upward mobility in the U.S. has almost halted. Of course, this is no news to us… and we can point a finger to at least one of the culprits. Our colleges and universities. They have essentially become strongholds for a new mafia, one that dons academic […]

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Time to Think Like a Surfer

I took up surfing in my early 30s. It didn’t last long. But I learned a tremendous amount from the experience (least of which is that I suck at surfing). Well, it’s time to think like a surfer. Your sole focus is to catch the wave. The best surfers can see the waves building, just like we can in the markets, but they only care about where the biggest, best waves will crash. That’s where you get the ride. And if you catch the biggest wave in the right place, you get the ride of a lifetime. Look at this […]

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Gold’s Line in the Sand: Next Downside Target Is Around $700, Even if It Breaks Up First

Many analysts have been so excited that gold broke to new highs, above $ 1,262, in late February. I was excited as well, but for a different reason. I’d forecast that gold could bounce back just above the July 2016 highs of $ 1,373, to around $ 1,400 or $ 1,450. And ANY bounce, no matter how high it went, would be a good place to get rid of any gold you’re still holding. Get rid of it, you should because the precious metal is going down. All the way to $ 700 an ounce within a year or so, […]

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How to Stretch Your Retirement Dollars

One thing I’ve enjoyed over my many years is overseas travel. I’ve been able to satisfy my attraction to very different foreign cultures. At the same time, I’ve taken advantage of the affordability of life in multiple paradises, from Phuket to Cape Town. When I was last in Bali, I advised the kids to wait until the last possible minute to exchange their dollars for baht, as the local currency was crashing. When I was last in Cape Town, I was able to exchange R5.5o for a dollar. The ratio is now 14-to-one… and I thought things were affordable back […]

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The $1 Billion Bargain

The coolest house I ever saw wasn’t a house. It’s Antilia… a 27-story skyscraper in Mumbai. Mukesh Ambani, chairman of the second-largest oil and gas company in India, Reliance Industries, built it for a cool $ 1 billion. Just look at this magnificent building… Bill Gates should be envious. Who else has a 27-story skyscraper in the heart of the hottest city in their country? It has six levels just for parking! And three helipads. Man! Imagine the parties you could throw there! For a billion dollars, Antilia is a bargain. It’s 400,000 square feet of living space in the […]

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It’s Time to Shatter the Stones

I’m sorry, but I don’t have a healthcare problem. I have a concierge doctor at a fixed annual fee, with free visits and discounts on blood tests and other things I need. On top of that, I have a high–deductible insurance policy that only covers unexpected costs over $ 6,000, like if I have a heart attack or something. I’m accountable, which means I feel the expenses for my healthcare day to day, week to week, and month to month. I pay for my visits and expenses with a credit card linked to my HSA account. There’s no bureaucracy, there’s […]

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This is Not Just About Trump and Brexit

I’ve been writing a lot about what I see as the mega trend right now… and what will make this economic winter season different from the 1930s. We’re not just seeing a classic debt and financial asset bubble that will unravel into a deflationary depression, as occurred in the 1930s and many times throughout history. We’re not just seeing a populist revolution, as we saw with Hitler and Mussolini in the 1930s and World War II, and as has occurred about every 84 years throughout history. We ARE seeing the early stages of a major 250-year cultural, political and social […]

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